Loading…
China Renaissance Capital Investment and Estun Automation have acquired German welding technology specialist Carl Cloos Schweißtechnik for EUR 190.1 million.
Nanjing Estun Automation announced it will invest 283 million yuan (part of a total 551 million yuan) to acquire 100% of German welding robot manufacturer Carl Cloos Schweißtechnik GmbH for 196 million euros through a joint venture with its controlling shareholder.
Estun Automation and China Renaissance Capital Investment (CRCI) acquired Carl Cloos Schweißtechnik GmbH, a German market leader in welding technology and robotics.